Mkdwell Tech Inc. key statistics and ratios

In fiscal 2025, Mkdwell Tech Inc. had an operating margin of -88.0%, debt equal to 107.9% of equity and a current ratio of 1.23. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Mkdwell Tech Inc.: financial ratios, annual
Fiscal year	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Gross margin	32.3%	18.4%	8.3%	6.2%
Operating margin	−28.5%	−50.1%	−141.3%	−88.0%
Net margin	−39.8%	−43.3%	−126.0%	−84.9%
Free-cash-flow margin	−17.9%	−56.6%	−157.4%	−56.8%
Return on equity	−81.9%	−149.3%	—	—
Return on assets	—	−17.3%	−27.9%	−18.9%
Asset turnover	—	0.40	0.22	0.22
Current ratio	—	0.45	0.29	1.23
Debt to equity	0.0%	865.3%	—	107.9%
Interest cover (operating income ÷ interest)	n/m	n/m	n/m	n/m
R&D as % of revenue	22.9%	21.3%	35.3%	33.0%
Capital spending as % of revenue	13.7%	20.5%	1.7%	17.4%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 6 checks passed · December 31, 2025

What it owns · $18m

Short-term assets $13mLonger-term assets $6m

What it owes, and who funded it · $19m

Short-term liabilities $10mLonger-term liabilities $3mShareholders' equity $6m

Short-term assets cover short-term liabilities $13m of assets due within a year against $10m of liabilities due within a year.
Short-term assets cover long-term liabilities $13m short-term assets against $3m of longer-dated liabilities.
More cash than debt $24,084 of cash against $6m of debt.
Debt below 40% of shareholders' equity Debt is 97% of equity.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt −$1m of operating cash flow against $6m of debt.
Operating profit covers interest at least five times over Operating income of −$3m against $548,514 of interest.

From Mkdwell Tech Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Mkdwell Tech Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Mkdwell Tech Inc.